39161
German Recovery to Continue
World Economy

German Recovery to Continue

Germany’s economic recovery will continue in 2016, driven by relatively strong domestic demand, says Moody’s Investors Service in a new report, Commodity Online reported. “We expect a slight acceleration of Germany’s real GDP growth to 1.8% in 2016, benefiting from robust domestic demand supported by a solid labor market and the further drop in oil prices,” says Thorsten Nestmann, a Senior Credit Officer at Moody’s. “Downside risks mainly stem from a less favorable external environment, in case of a more protracted slowdown in China and other emerging markets.” In the long term, Germany’s ageing population and declining workforce could weigh on the economy and put pressure on the sustainability of social security systems. Moody’s notes that the refugee crisis is unlikely to have material near-term fiscal implications for Germany. The fiscal costs related to providing food and shelter and to supporting integration with language courses and other measures are manageable at below 0.5% of GDP.

 

Short URL : http://goo.gl/J2h8zG
  1. http://goo.gl/HDM3S2
  • http://goo.gl/6NJJvH
  • http://goo.gl/R1Ju16
  • http://goo.gl/ui5rjs
  • http://goo.gl/2wlT2a

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
Bankruptcy Soars Among Elderly in United States
A growing number of retirees in the US are filing for...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
German Economy Beats Forecasts
Unfazed by a mounting number of uncertainties, Europe’s...

Trending

Googleplus